Canaccord Genuity Trims Calfrac Well Services Ltd (TSE:CFW) Target Price to C$3.00
Calfrac Well Services Ltd (TSE:CFW) had its price target cut by Canaccord Genuity from C$4.00 to C$3.00 in a research report issued to clients and investors on Tuesday. Canaccord Genuity’s target price suggests a potential upside of 17.65% from the company’s current price.
Separately, Scotiabank reissued a “sector perform” rating and set a C$5.00 price objective on shares of Calfrac Well Services in a research note on Thursday, April 27th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Calfrac Well Services has a consensus rating of “Hold” and an average price target of C$4.89.
Shares of Calfrac Well Services (TSE:CFW) traded up 1.57% during trading on Tuesday, hitting $2.59. The company had a trading volume of 213,406 shares. The firm’s market capitalization is $354.22 million. Calfrac Well Services has a 52-week low of $2.23 and a 52-week high of $5.34. The stock’s 50-day moving average is $3.14 and its 200 day moving average is $3.84.
Calfrac Well Services Company Profile
Calfrac Well Services Ltd. is a provider of specialized oilfield services. The Company operates through four geographical segments: Canada, the United States, Russia and Latin America. Its services include hydraulic fracturing, coiled tubing, cementing and other well stimulation services. The Canadian segment provides fracturing and coiled tubing services to oil and natural gas exploration and production companies in Alberta, northeast British Columbia, Saskatchewan and southwest Manitoba.
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